and when we saw the story, obviously there's one person to go to in that professor richard wolf. so i mean, none of this is obviously surprising, but that point that been made at the end of that package, right there was very important. this illustrates that there are 2 sets of rules. does it not? absolutely, i congratulate ben. that is the key point. the only thing i would add, besides, if there's 2 rules, one made by the group that is age them and the other one imposed on the rest of us is that the amounts of money that are involved here. if you add them up so that you have a sense of the enormous pot of money, that should be a message to everyone that we could have a program to deal with climate control. we could have the upgrade of our neglected infrastructure that the congress is red wrestling with without taxing the rest of us. if we simply went after the people who are hiding their wealth and they do it, it's not directly to avoid taxes. well then, like tony blair to reduce their taxes and the, the only other thing i would add that people should be aware of when it becomes

let's bring back our panel of sir richard wolf, host of economic update. peter shave chief economist at euro pacific capital and steve, keen, the economics professor of patriot steve, i actually want to start with what ben just mentioned there. as you see a nation default or faith, major debt, whoa is, and then they're owing 44 percent of their gdp to creditors. what is that doing to them? depends on whether they have their own currency or not. and whether they're running a trade surplus or not, the country running a trade surplus like that, strike japan as an example, there is quite capable of continuing to issue government it indefinitely. or is it in, on that particular case, the japan, i think has the world record 250 percent of j. they, they is that government debt level is the economy suffering and know on a per capita basis has been growing. frost united states for most of the last 15 years and a can do it indefinitely because with a trade surplus as well. it's not selling, it's, it's bonds to foreigners and foreigners if they, if they do bought tho

or an economist and author, richard wolf says that many of those promising to get rid of corruption are actually deeply involved in there's a lot of hand wringing there's a lot of promises. but one thing you can take away even from these early documents, is that many of the political leaders, oh, come in the office, promising to do away with corruption, are themselves ah, knee deep in that kind of corruption. look, you don't have to hide your wealth. if there's nothing to be hidden out of the 20 top places in the world to hide wealth, the united states accounts for 17, out of the 20 states rewriting their laws so that you can legally move the money in and out. and thereby hide it because they pass a law which denies other countries the right to find out about this information. the very thing that the united states criticized switzerland in the past poor it is now doing. the real lesson here is, if you will allow the distribution of wealth and income to be as an equal, as it now is in the world today. you create the incentive and the means for those that the top to continue to accumulate

for belinda. eventually they ran out of father people's money and then they come for you live to richard wolf, economist for more. all know thanks for joining us, sir. good savvy with us today is boyden going about taxing the rich and bringing about income or other tax quality? the right way here i don't think so, and i think that's why he is failing to do it. he made the promises and those are supported overwhelmingly, by public opinion, polls that indicate americans are very unhappy with the level of inequality. exemplified, for example, by billionaires like a lawn mosque, but it is very common what the law most does. it's not unique to him. billionaires and millionaires are regularly able to escape taxes legally because they're support politicians who do that for them. the most recently, donald trump, in december of 2017, when he cut their taxes dramatically. and when they can't get their taxes cut enough legally. we know now from the various papers and have been released to pandora papers couple of weeks ago that when they can't get their tax is lowered legally, they do not hesitate to us

let's talk to economists to know for richard wolf. i that i'm sure you remember the 2016 panama papers in the collective gossips and shook them, but not much else. would you make this latest league? well, i think your point is the key point that there's a lot of hand wringing there's a lot of promises. but one thing you can take away even from these early documents, is that many of the political leaders oh, come in the office, promising to do away with corruption, are themselves are knee deep in that kind of corruption. look, you don't have to hide your wealth. if there is nothing to be hidden, this is hiding wealth because you have something to hide. and there is no such thing as i have the right to keep it secret. if you want to be a leading industrialist or a leading politician or a leading, anything in the public eye, with all the benefits that come from that, then you are required to be transparent in a world that is a wash in corruption. and i think what you're seeing here is that trillions of dollars more money than it would ta

so economist and author, richard wolf fillmore analysis, almost thanks for joining us. sir, good to have you on the program today. and will the market certainly seem reassured by yeah, the russian president was and what's happened, do you think this is a short term situation or do you think this is the endo approaching the and now of what was labeled and energy crisis. i think that depends on how much opposition i emerges to these price increases of the last several weeks, or indeed several months. i think we have to be honest here, a very small number of very large companies together with a number of oil producing countries. i have the world by the throat and when it comes to energy, they make the policy. they decide where to invest when to invest, what kind of energy, what kind of transition to renewables. they've been aware of the problems, the problems of demand, the problems of climate crisis. they could have been, they should have planned to deal with these things. these shortages are not coming out of the blue or they're not one man or one government's decision.

>> wolf, i don't think so. richardmeans committee apparently has a constructive meeting with senator sinema. there are ways to raise revenue by just making sure the big corporations are paying the tax they owe. a 7% minimum. that can raise revenue. tax enforcement can raise revenue. i hope some tax increases are on the table and will be supported. >> you mentioned your fellow congressman, richie torres saying, i'm quoting, there's a sense we live under the tyranny of kirsten sinema? >> i meant richard neil of ways a and means. i think he's just expressing a frustration that 49 senators believe we ought to raise taxes on the very wealthy. senator sinema already voted on the tax cuts of trump. all we're saying is restore them. we don't understand what is the governing ideology. >> if this spending plan gets whittled down and it's already gone from 3.5 trillion down to below $2 trillion, can democrats afford not to pass at least something for the american people? >> we must pass it and talk about what's in it. it's going

i've got it professor richard well, of economic update, and author of the thickness is the system when capitalism fails to save us from pandemic or itself. now professor wolf, we know that labor has been decimated in recent decades. in fact, in 1983 around 20 percent of the u. s. workforce was part of the labor movement. while now it's about 10 percent. and we've also seen that more people want to join . so is this something that can actually help push this forward? i'm quite certain that it is already doing that. in other words, you've come to the end of pushing the labor movement up against the wall. under cutting it's appeal portraying unions as negative, which of course they sometimes are as any a group in our society is. but you've gone about as far as you can go. and at the same time, as the quality of society grows, as of the shock to people's lives, of the crash last year of the pandemic makes everybody kind of rethink where they are. the american working class is waking up. i think this is a sleeping giant. i think it's going to change american history. it was always coming and i think it's arrived right. it seems that if not now, then when for ma

richard spencer, a white nationalist, alt-right leader who is representing himself in this case without a lawyer. wolf, a closer look at what's at stake as president biden heads overseas tomorrow morning at a truly critical moment for his domestic and international agenda. it's a sunny day. nah, a stormy day. classical music plays. um uh, brass band, new orleans. ♪ ♪ she drives hands free... along the coast. make it palm springs. ♪ cadillac is going electric. if you want to be bold, you have to go off-script. experience the all-electric cadillac lyriq. going to tell you about exciting medicare advantage plans that can provide broad coverage, and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits. but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance. but, they often have higher monthly

richard besser, the former acting director of the cdc. do you think it's the right call for the government to recommend booster shots for americans, let's say as young as 40? >> you know, >> wolf data they use to make that decision. you know, the information that i have seen so far shows that except for the groups for whom it's been recommended, those over 65, those who are at high risk for medical conditions, the vaccines are holding up very well, especially in terms of severe illness and hospitalization and death which is the main reason we -- we vaccinate. i'll -- i will want to see some clarity around what's going into that decision. >> me, too. what was the point of issuing guidance on boosters last month, only to potentially see a major change a few weeks later? >> you know, one of the -- one of the big challenges that -- that we have is that with three products that are out there -- um -- that are -- that are all different, that all have different dynamics in terms of the level of protection and how quickly that falls off. um, there -- they are going to see guidance for boosters based on when companies file their -- their requests. each company's been looking at that se